A Form For Recording Transactions In Chronological Order

Question: Journal

Answer: A form for recording transactions in chronological order.

Question: Journalizing

Answer: Recording transactions in a journal.

Question: Entry

Answer: Information for each transaction recorded in a journal.

Question: General Journal

Answer: A journal with two amount columns in which all kinds of entries can be recorded.

Question: Double-Entry Accounting

Answer: The recording of debit and credit parts of a transaction.

Question: Source Document

Answer: A business paper from which information is obtained for a journal entry.

Question: Check

Answer: A business form ordering a bank to pay cash from a bank account.

Question: Invoice

Answer: A form describing the goods or services sold, the quantity, and the price.

Question: Sales Invoice

Answer: An invoice used as a source document for recording a sale on account.

Question: Receipt

Answer: A business form giving written acknowledgement for cash received.

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